Commercial Geothermal Growing in Netherlands

Utrecht, The Netherlands Dutch banking group Rabobank has highlighted the growing use of geothermal energy to heat commercial greenhouses in the Netherlands. In a new analysis, the bank sees increasing geothermal energy use as a major and relatively cheap way to improve the financials and the stability of the Dutch greenhouse industry. "Geothermal energy is a particularly suitable primary energy source because of the greenhouse industry’s concentrated and high heat demand. We anticipate that more and more greenhouse growers in the Netherlands will be investigating the case for using geothermal energy." -- Clara Van Der Elst, Rabobank analyst Rabobank analyst Clara Van Der Elst explains: “The sector is currently facing declining profit margins, two of the main reasons being its high energy demand and rising natural gas prices. As a highly energy intensive industry, the sect...